🔔🔔🔔Gold news:
👉Gold prices saw a slight increase on Monday, driven by a weaker US Dollar. Expectations of another Federal Reserve rate cut put pressure on the USD, which in turn boosted XAU/USD. Additionally, concerns over Trump’s proposed tariffs and the potential for a global trade conflict added to gold’s appeal.
👉The US Dollar also faced downward pressure due to a strong rebound in the crypto market, led by Bitcoin (BTC), after Trump instructed the Presidential Working Group on Sunday to advance plans for a Crypto Strategic Reserve, which will include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
👉A broad decline in the US Dollar allowed gold prices to recover after suffering significant losses in the previous two trading sessions. Meanwhile, the Euro (EUR) strengthened as Europe intensified its diplomatic efforts to resolve the Ukraine conflict, further weighing on the USD and supporting the USD-denominated gold price.
Personal opinion:
👉Gold price will recover to the 2890 area, then there will be a technical decline to the 2934 area before continuing the uptrend. Because there is currently no strong news for gold to break through this area.
👉Note: any move on President Trump's tariff policy will be considered first, so pay attention to this related news for better trading
Analysis:
👉Based on trend lines and EMA combined with important resistance - support levels to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2887 – 2890
❌SL: 2895 | ✅TP: 2883– 2877 – 2870
👉Buy Gold 2833 – 2835
❌SL: 2827 | ✅TP: 2839– 2844 – 2850
FM wishes you a successful trading day 💰💰💰
👉Gold prices saw a slight increase on Monday, driven by a weaker US Dollar. Expectations of another Federal Reserve rate cut put pressure on the USD, which in turn boosted XAU/USD. Additionally, concerns over Trump’s proposed tariffs and the potential for a global trade conflict added to gold’s appeal.
👉The US Dollar also faced downward pressure due to a strong rebound in the crypto market, led by Bitcoin (BTC), after Trump instructed the Presidential Working Group on Sunday to advance plans for a Crypto Strategic Reserve, which will include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
👉A broad decline in the US Dollar allowed gold prices to recover after suffering significant losses in the previous two trading sessions. Meanwhile, the Euro (EUR) strengthened as Europe intensified its diplomatic efforts to resolve the Ukraine conflict, further weighing on the USD and supporting the USD-denominated gold price.
Personal opinion:
👉Gold price will recover to the 2890 area, then there will be a technical decline to the 2934 area before continuing the uptrend. Because there is currently no strong news for gold to break through this area.
👉Note: any move on President Trump's tariff policy will be considered first, so pay attention to this related news for better trading
Analysis:
👉Based on trend lines and EMA combined with important resistance - support levels to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell Gold 2887 – 2890
❌SL: 2895 | ✅TP: 2883– 2877 – 2870
👉Buy Gold 2833 – 2835
❌SL: 2827 | ✅TP: 2839– 2844 – 2850
FM wishes you a successful trading day 💰💰💰
Trade active
The plan is on track, ISM Manufacturing PMI news is coming out soon, everyone pay attention to the transactionTrade closed: target reached
Anyone who followed FM's plan made 55 pips profitNote
Hit + 110 pips. congratulations
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Disclaimer
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.